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that would drive earnings rather than the concern about taper. >> michele, you've been delving on obama care, the health care, affordable care act. is there a nexus between today's job number and health care? >> we talked about this morning. we saw a big increase in retail hiring and hospitality sector. there is delay for businesses that have more than 50 employees, they don't have to provide health care starting january 1. retail is an area where traditionally you have not been able to get health insurance as an employee. this rise is that because those employers were more willing to hire now, because it's -- it costs less. >> what about the other side, what about the idea that people would hire saying you know what, i don't have to worry about the health care problem. something i can send employees out to the exchange so freed from this burden of health care, maybe there's a -- >> they can't send them to the exchanges yet. >> can't do that yet but down the road, i know at lot of companies as you do too, that don't want to be in the health care business. >> absolutely. >> absolutely. that s
this particular season. >> thanks. up next the president's handling of the obama care crisis. did he unfairly dump it on the insurance companies? is he leading the correct way? is he contrite enough? we'll have some famous ceo apologies next. and how did kentucky get it right and the feds get it so wrong? the governor of kentucky is here in two minutes time. >>> senator howard baker said it best in the watergate hearings back in 1973 asking quote, what did the president know and when deknow it. same question is float around the country these days as americans want to know what president obama knew regarding problems with healthercare.gov. today we got a little bit more clarity on that and here to tell us about that is don. >> what i got here is a memo released by one of the top house committees looking into this whole mess with healthercare.gov. they uncovered a memo from henry chao who was responsible. on july 16th he said to one of his subordinates i need to feel more confident they are not going to crash the plane at takeoff regardless of the price. >> the president was press ad little bit on i
today. >> meanwhile, president obama's technology chief getting grilled on capitol hill today over all the problems plaguing that health care exchange website. talk about laying an egg. eamon javers live in washington. >> hi, tyler. it's been a tough hearing up here on capitol hill for the obama administration officials here testifying, testy at times within the committee hearing room. members of congress fighting about who gets to ask which question, who's insulted who's staff. but one of the key questions they keep coming back to over and over again is exactly how long is it going to take to fix healthcare.gov and will the administration be able to hit the november 30th deadline it has publicly set for itself. the administration officials haven't been able to give a good answer to that question today. take a listen to things exchange. >> are we going to hit november 30th? >> thank you for the question. thank you for your kind words at the beginning as well. so the goal that has been laid out is for the site not to be perfect by the end of november -- >> functional, people can log on?
regarding obama care. john? >> tyler, the obama administration about to announce a delay in the on-line sign-up for small businesses on obama care. there will be direct enrollment for those small businesses. they can get health care under obama care with the tax credits that the law provides, but they're trying to limit the amount of tasks that they have to deal with in terms of getting the on-line experience acceptable for consumers. they've got that november 30th deadline to say that the site is working smoothly for the vast majority of customers and they've put this off to the side. the separate exchange for small businesses. that function is being put off for one year. there will be paper enrollment, phone enrollment through insurance companies directly, insurance agents and brokers, but it's another sign of the challenge the administration is facing in getting healthcare.gov that website which has been so troubled since its october 1 debut to get up and running for everybody in the country. >> john harwood, thank you very much. let's transition back to some of the topics that we've been
after obviously the 2008 election, the first election during obama's term, it was new jersey and virginia that everybody looked at and said, two republicans won, christie in a blue state, let's turn to virginia now, that is a close contest, cuccinelli and terry mcauliffe the former fund-raiser democratic chairman und the clintons. >> typically republicans will hold virginia in an election where democrats are in the white house. it would be significant if that's not the case. i think mcauliffe is favored like throw beat ken cuccinelli. does he have a big win? if he does everyone will say tea party is in retreat, all the government shutdown played terribly for republicans. rising tide of the republican party is more of this expand the map christie model versus the cuccinelli scorch the earth and shut down the government. >> you have two things cutting in this race, number one is the fact that there are a lot of federal workers in the, obviously, d.c. suburbs, most especially, but also down in the norfolk area, and that -- they may -- we'll see how angry they were over the gover
, as the realities of obama care play out, we take a closer look at the so-called young invincibles. those under 30-year-olds debating whether to go all in or take the bare-bones minimum coverage instead. young people at the crossroads of health insurance. that profile when "power lunch" returns. ♪ ♪ you get your coffee here. you get your hair cut here. you find that certain thing you were looking for here, but actually you get so much more. when you shop at these small local businesses, you support all the things that make your community great. the money you spend here, stays here. in this place you call your neighborhood. small business saturday is november 30th. get out and shop small. >>> one stock worth watching today is hologic, currently trading on the upside. this on news that carl icahn has acquired a $3.5 million share stake or 12.6% worth of the women's health care maker as well as purchasing call options, and he's selling put options, too, ty. >> all right, sue. problems with healthcare.gov are making it hard for people to access plans, but once they can see their choices, for many
that president obama has been briefed on the situation, not a surprise, lax being a huge international hub and the threat and fear of terrorism. we have no idea what this was all about, what the motivation was here or really what happened to the suspect or the shooter himself, if he is in custody, killed, shot, wounded, we're still waiting on that information but the president and the white house did release this statement saying the president has been briefed about the shooting at lax. we'll continue to stay in touch with our federal and local partners. the lapd is leading the response and investigation. we urge citizens to listen to the authorities and follow directions from the first responders on site. the president will continue to receive briefings throughout the day. while the lapd may be leading this investigation at the moment this is a multiagency effort -- >> that's knbc's coverage, shots fired at terminal three at los angeles international airport. the terminal serves airtran, alaska, horizon, jetblue, and virg virgin australia. the incident is apparently over and that a shoote
. >>> the problem with obama care taking center stage once again on capitol hill. this time the health and human service secretary kathleen sebelius went before the senate finance committee. democrat controlled senate. compared with last week, bertha coombs where she was on the republican controlled house side. >> she still got tough questioning from both sides of the aisle. senate finance chairman max baucus, in fact, warning the secretary not to wait until the last minute if, in fact, there are signs that website will not be fully functional as promised by the end of this month. the republicans continue to hammer on the issue of plans that have been canceled and also on the issue of security both on the site and involving those in-person navigators not required to undergo federal screenings, here's senator cornyn. >> so a convicted felon could be a navigator and could acquire sensitive personal information from an individual unbeknownst to them? >> that is possible. we have contracts with the organizations and they have taken the responsibility to screen their individual navigators. >> reporte
, president obama tweeting out three simple words and that photo, "four more years." we'll be right back. ♪ ♪ here we are, me and you ♪ on the road ♪ and we know that it goes on and on ♪ [ female announcer ] you're the boss of your life. in charge of making memories and keeping promises. ask your financial professional how lincoln financial can help you take charge of your future. ♪ ♪ oh, oh, all the way ♪ oh, oh >>> welcome back to "power lunch." check out men's wearhouse. our own david faber citing sources said eminence capital has taken a 9.8% stake in the company and is urging it to solicit takeover bids. he also wants men's wearhouse to speak to joseph a. bank who earlier this week said it's willing to raise its bid for the company. those shares are also up, tyler. back to you. >> thank you very much. >>> one of twitter's key demographics is, of course, the so-called millennial generation. but what do high school investment clubs think about twitter the stock? seema you've been looking into this. >> wall street cares about what these teens. remember last week when fa
case, because all of the people who are harmed by obama care know it and are screaming at the top of their lungs. and people who might be helped by it, because they either get better plans for less money or better plans and public subsidies can't find it out, because the website isn't able to tell them. i mean, some have gotten through. some have found it out. but many have not. so there's still some time to make this work, but certainly the administration's dug itself a hole, and that's what the president was acknowledging by saying we fumbled the ball. >> what do make of, john, your own report from earlier today, the insurance companies reacting angrily, called the whole thing a joke? >> reporter: absolutely. and they're saying that basically this is blame-shifting. it's not actually a fix, because it doesn't compel anybody to do anything. and the entire rate structure of the 2014 insurance market was changed by the aca. there's a formal statement that was just put out a few minutes ago by the american health insurance plans, which is an industry lobby group in washington, who s
Search Results 0 to 9 of about 10

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